2023-03-31-accounts - Redditch Mosque Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity Registration No. 503752

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

28 EASEMORE ROAD REDDITCH WORCESTER B98 8HA

CONSOLIDATED

F I N A N C I A L S T A T E M E N T S

YEAR ENDED 31 MARCH 2023

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

YEAR ENDED 31 MARCH 2023

CONTENTS ASSOCIATION INFORMATION REPORT OF THE TRUSTEES INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS	PAGE 1 2-3 4 5 6 7-8

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

YEAR ENDED 31 MARCH 2023

ASSOCIATION INFORMATION

CHARITY REGISTRATION NUMBER 503752 CHAIRMAN (TRUST) ABDUL RAHIM EXISTING MOSQUE COMMITTEE – CHAIRMAN ABDUL RAHIM EXISTING MOSQUE COMMITTEE – TREASURER MOBEEN UL-HASSAN NEW MOSQUE COMMITTEE – CHAIRMAN NASIR AHMED NEW MOSQUE COMMITTEE – TREASURER TAHIR HANIF MAHMOOD

(Both Committees operate under the advice and instruction of – REDDITCH MOSQUE TRUST

REGISTERED ADDRESS JINNAH ROAD REDDITCH WORCESTER B98 7ER ACCOUNTANTS KAISER NOUMAN NATHAN LLP 57 ALFRED STREET BIRMINGHAM B12 8JP BANKERS LLOYDS TSB BANK PLC CHURCH GREEN EAST REDDITCH B98 8BZ

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Redditch Mosque Trust (Masjid-E-Noor), the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 April 2019)".

Objectives and activities

Redditch Mosque Trust (Masjid-E-Noor) is a Charity Organisation. It is registered with the Charity Commissions (No. 503752) and constituted by Deed of Trust. The Charity is administered by a Trust Committee.

The principal object of the Charity is to provide a Place of Worship, Religious Teachings and Education Centre for the benefit of the local community.

Policies are in place for recruitment, anti-bullying and safeguarding but not regulated by any other organisation and no serious incident reported or needed.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Redditch Mosque Trust (Masjid-E-Noor) should undertake.

Achievements and performance Financial review

It is the policy of the Redditch Mosque Trust (Masjid-E-Noor) that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Redditch Mosque Trust (Masjid-E-Noor) current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees has assessed the major risks to which the Redditch Mosque Trust (Masjid-ENoor) is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

- TRUSTEES REPORT Continued

FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

The Trustees who served during the year and up to the date of signature of the financial statements were:

GUL MUBARAK BASHARAT HUSSAIN MEHBOOB AKHTAR AYAZ ALI MOHAMMED BASHIR MOHAMMED ISHAQ MOHAMMED IRFAN MOHAMMED SHAFIQ MOHAMMED RIAZ MAZAR HUSSAIN KAFWEL ANWAR MOHAMMED HAFIZ MUKHTAR HUSSAIN ABDUL GHAFFAR JAVED IQBAL MOBEEN UL-HASSAN MIR HUSSAIN (Deceased 1[st] February 2023)

Status

Redditch Mosque Trust is a Registered Charity.

FOR AND ON BEHALF OF THE TRUSTEES

ABDUL RAHIM (CHAIRMAN)

09 November 2023

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF REDDITCH MOSQUE TRUST (MASJID-E-NOOR)

We report to the Trustees on our examination of the financial statements of Redditch Mosque Trust (Masjid-E-Noor) for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the Redditch Mosque Trust (Masjid-E-Noor) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

We report in respect of our examination of the Redditch Mosque Trust (Masjid-E-Noor) financial statements carried out under section 145 of the 2011 Act . In carrying out our examination , we have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 April 2015.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

1 accounting records were not kept in respect of the Redditch Mosque Trust (Masjid-ENoor) as required by section 130 of the 2011 Act; or
2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the applicable requirements concerning the
form and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a true and fair view
which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kaiser Nouman Nathan LLP 57 Alfred Street Sparkbrook Birmingham B12 8JP

Dated: 09 November 2023

REDDITCH MOSQUE TRUST

MASJID-E-NOOR

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2023

INCOME AND EXPENDITURE INCOMING RESOURCES INCOMING RESOURCES FROM GENERATED FUNDS Voluntary Income Investment Income Funeral Services Grant Other Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED ADMINISTRATION AND CHARITABLE ACTIVITIES TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FUNDS BALANCES B/F 1.4.22 FUNDS BALANCES C/F 31.3.23	Notes 4	Unrestricted Funds Restricted Funds £ £ New Mosque Project 205,743 600 - - - - - - - - _____ _____ 205,743 600 _____ ____ 131,625 24,352 _____ _____ 131,625 24,352 _____ ____ 74,118 -23,752 458,350 2,264,667 _____ _____ 532,468 2,240,915 =========== ===========	Unrestricted Funds Restricted Funds £ £ New Mosque Project 205,743 600 - - - - - - - - _____ _____ 205,743 600 _____ ____ 131,625 24,352 _____ _____ 131,625 24,352 _____ ____ 74,118 -23,752 458,350 2,264,667 _____ _____ 532,468 2,240,915 =========== ===========		RMT Welfare 2023 TOTAL 2022 £ £ £ 31,749 238,092 248,934 - - 5 - - - - - 18,060 - - 400 ___ ____ ____ 31,749 238,092 267,399 ___ ___ ____ 51,111 207,088 167,941 ___ ____ _____ 51,111 207,088 167,941 ___ ____ ____ -19,362 31,004 99,458 32,718 2,755,735 2,656,277 ___ ____ ____ 13,356 2,786,739 2,755,735 ========= ========== ===========
		Funds £ 205,743 - - - - _____ 205,743 _____ 131,625 _____ 131,625 _____ 74,118 458,350 _____ 532,468 ===========

				_ _
				_ =

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included.

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2023

Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Cash at Bank & in Hand Other Debtors CREDITORS: Due within one year Creditors 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted Restricted	2023 £ £ 2,694,054 93,183 7,508 __ 100,691 _____ 8,006 _ 92,685 _____ 2,786,739 =========== 539,542 2,247,197 ______ 2,786,739 ===========	2022 £ £ 2,486,494 270,405 9,011 __ 279,416 _____ 10,175 _ 269,241 _____ 2,755,735 =========== 484,786 2,270,949 ______ 2,755,735 ===========

The Financial Statements on pages 4 to 7 were approved by the trustees on

09 November 2023 and sign on their behalf by:

ABDUL RAHIM Chairman

09 November 2023

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

(a) Convention

The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on “Accounting by Charities” and applicable accounting standards.

(b) Depreciation

Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:

Fixtures Fittings and Equipment = 15% per annum on net book value Freehold Premises = 1% on cost

(c) Income

Income is included in the income and expenditure account as soon as its receipt becomes due.

2. TANGIBLE ASSETS
Freehold
Fixtures Fittings
Premises
and Equipment
£
£
(See Note 2a)
COST
At 31 March 2022
2,731,747
27,385
Additions
237,836
-
_____
__
At 31 March 2023
2,969,583
27,385
_____
__
DEPRECIATON
At 31 March 2022
256,207
16,430
Charge for the year
29,696
580
____
_______
At 31 March 2023
285,903
17,012
_____
__
NET BOOK VALUE
At 31 March 2023
2,683,680
10,373
===========
========
At 31 March 2022
2,475,540
10,955
===========
========
2a. FREEHOLD PROPERTY
Cost b/f
Addition
£
£
Existing Mosque – 28 Easemore Road
288,311
237,836
New Mosque Project - Costs to-date at Jinnah Rd
2,443,435
-
______
____
2,731,746
237,836
===========
===========

Total
£
2,759,132
237,836
_____
2,996,968
_____
272,637
30,276
_____
302,913
_____
2,694,054
===========
2,437,390
===========
Total
£
526,147
2,443,435
______
2,969,582
===========

REDDITCH MOSQUE TRUST

(MASJID-E-NOOR)

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

3. CREDITORS Accountancy Bookkeeping Other Creditors 4. ADMINISTRATION AND CHARITABLE ACTIVITIES Wages and Staff Costs Charitable Activities Staff Pension Insurance Light and Heat Telephone Rent & Rates Repairs and Maintenance Subscriptions Bank Charges Cleaning Book Keeping Accountancy and Audit Sundries Educational Computer & IT Legal and Professional Printing and Stationery Depreciation	Unrestricted £ 73,820 51,111 107 5,425 17,395 922 3,198 4,096 689 - 889 - 1,214 463 7,294 1,155 7,796 959 6,203 _____ 182,736 ===========	2023 2022 £ £ 2,248 2,168 650 650 5,108 7,357 ___ ___ 8,006 10,175 ======== ======== 2023 2022 Restricted Total £ £ £ - 73,820 50,652 - 51,111 44,036 - 107 372 - 5,425 3,417 - 17,395 17,327 - 922 856 - 3,198 1,039 - 4,096 5,495 - 689 505 - - 850 - 889 3,659 - - 650 280 1,494 1,500 - 463 342 - - - 7,294 1,155 7,796 - - 7,222 - 959 769 24,072 30,275 29,250 _____ _____ _____ 24,352 207,088 167,941 =========== ========== ==========